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Problem 3 (15 points) Dollarcoin microfinance inc. lends Mrs Amelia $11000 for 7 years at 9% per year, compoulded annually; then the entire proceeds generated

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Problem 3 (15 points) Dollarcoin microfinance inc. lends Mrs Amelia $11000 for 7 years at 9% per year, compoulded annually; then the entire proceeds generated from the lending are invested for 13 years at 11 % per annum simple interest. How much money will Dollarcoin microfinance inc. have at the end of the entire 20-year period? Problem 4 (20 points) A product that is very labor intensive assembled at Robotech Inc in Tallahassee has an average labor cost of $25/hr. Overhead expenses are charged at 100% of labor at this company, Time for the very first unit = 15 hours Time for the fourth unit = 12.3 hours. a) Calculate the learning curve percentage for this operation b) What is the labor cost and overhead cost for the 120th unit? c) What is the learning curve exponent if the learning curve percentage is 85%

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